Notices issued for OCS Sales 194, 197

By OGJ editors

HOUSTON, Feb. 28 -- The US Minerals Management Service has issued final notices for Outer Continental Shelf Lease Sales 194 and 197, both scheduled Mar. 16.

Central Gulf of Mexico Sale 194 offers 4,063 unleased blocks covering 21.4 million acres 3-210 miles off Louisiana, Mississippi, and Alabama 4-3,400 m or more of water. MMS estimates the sale could result in production of 276-654 million bbl of oil and 1.59-3.3 tcf of natural gas.

Its final notice included recent changes such as the offering of Mississippi Canyon Block 920, with a stipulation requiring that all exploration and production activities on the seabed surface or within the water column be done from outside the lease via directional drilling or other techniques.

Also, MMS is offering previously deferred Vermillion Blocks 139 and 140, with the stipulation that seabed and water column use be limited in areas where an offshore LNG deepwater terminal has been approved.

Another change in the notice is the increase of the minimum bonus bid to $35.50/acre or fraction from $25/acre or fraction for deepwater tracts in 400-800 m or less of water.

Eastern Gulf of Mexico Lease Sale 197 offers 124 unleased blocks covering 714,240 acres 100-196 miles offshore in 1,600-3,425 m or more of water. MMS estimates recoverable hydrocarbons in the blocks at 65-85 million bbl of oil and 270-340 bcf of natural gas.

Changes included in this lease sale's final notice are price thresholds for deepwater royalty suspension of $39/bbl of oil and $6.50/MMbtu for gas, in 2004 dollars.

Related Articles

NGSA asks Congress to pass bills facilitating LNG exports

03/27/2014 The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will h...

US, European energy leaders to discuss gas diversification measures

03/27/2014 Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy relian...

Santos buys gas reserves for Queensland LNG plant

03/27/2014 The WestSide Corp.-Mitsui joint venture has been let a contract to supply gas to the Santos Ltd.-led Gladstone LNG project for 20 years beginning i...

Total, CNOOC sign LNG cooperation agreement

03/26/2014 Total SA and China National Offshore Oil Corp. (CNOOC) have reached an LNG cooperation agreement that will expand upon the companies’ existing 15-y...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected